Summary
- Phillip Chen, a member of the California State Assembly, announced plans to propose pro-Bitcoin legislation.
- He stated that he is collaborating with the nonprofit organization 'Proof of Workforce' for Bitcoin initiatives.
- The price of Bitcoin is trading at $104,741.94 on Binance, up 5.43% from the previous day.
According to Watcher Guru, a cryptocurrency-focused media outlet, Phillip Chen, a member of the California State Assembly, is set to propose legislation favorable to Bitcoin (BTC) on the 17th (local time).
Phillip Chen is collaborating with the nonprofit organization 'Proof of Workforce' to advance various Bitcoin initiatives.
Meanwhile, BTC is trading at $104,741.94, up 5.43% from the previous day, based on the Binance Tether (USDT) market as of 01:46 on the 18th.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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